Scottsdale AZ Real Estate & Lifestyle

Live Better in Scottsdale - eXp Realty

Heather Tawes Nelson

Quick Video Update of the Scottsdale Real Estate Market – February 2018

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– February 2018 Scottsdale Housing Market Video –

February 2018 – Video

Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of February.

Scottsdale Active Listings

Scottsdale homes for sale February 2018This first section looks at Scottsdale’s housing inventory during the month of February.

First, we will take a look at February 2018 compared with February 2017. The number of homes for sale was down quite a bit, or 17%.

 

 

 

This next image looks at inventory from a month-over-month perspective.

The number of homes on the market in February was down 2% over January 2017.

 

 

 

Median List Price for Scottsdale Homes

The median price is a measurement that shows the exact middle of home prices – i.e. half of the homes are priced higher and half of the homes are priced lower.

In February, the median list price was up to $950,000. This is up $100K from February 2017’s $850,000 median list price.

 

 

 

Days on Market

Days on Market (DOM) is another quick measurement that can tell you about the health of the market. It represents how long homes are staying on the market before selling. If you see a high days on market, that would indicate homes are selling more slowly. Conversely, a low DOM means it is a faster moving market.

The DOM for February 2018 was 95. This is well below February 2017’s 111 days and represents a 14% decrease.

 

 

Median Sales Price for Scottsdale Homes

This is median price again, but this time we are looking at sold prices, versus listed prices.

February’s median home sales price was $512,500. This is slightly over February 2017’s $508,000. It was also down quite a bit compared to January 2018’s $550,000.

 

 

Number of Homes Sold

This last section is a look at completed home sales in Scottsdale.

Between February 2017 and February 2018, there was an 18% increase in home sales.

 

 

 

And comparing January 2018 to February 2018, sales were up 9%.

 

 

 

 

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel

 

Disclaimer: Data deemed to be accurate, but is not guaranteed.

Things to Do in Scottsdale – Late March 2018

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– Scottsdale Events – Late March 2018 –

  • Spring Training – Now through the end of March – Spring Training has kicked off and will provide a lot of excitement over the next several weeks. See your favorite MLB teams in action all over the Valley.
  • Cavalia– Now through March 26th – The fantastic show that is Cavalia is back for another season. This thrilling event featuring horses and talented performers is a must-see.
  • Arizona Renaissance Festival – Weekends through April 1st – Travel back in time at the Renaissance Festival. Feast on turkey legs and cheer on the joust. There are performances throughout the day and feel free to come in costume!
  • Sunday A’Fair – Sundays through April 8th – Spend your Sunday afternoons al fresco enjoying the great weather Scottsdale has to offer. Live concerts are the highlight as well as free admission to Scottsdale’s Museum of Contemporary Art.
  • Carefree Fine Art & Wine Festival – March 16th – 18th  – Stroll through the streets of Carefree taking in the beautiful art. There will be 150 artists displaying over 5,000 pieces of art as well as live entertainment and food trucks.
  • The King & I – March 20th – 25th – ASU Gammage will be the home to this short run of the King & I, the classic musical.
  • Burger Battle at the Scottsdale Waterfront – March 23rd – The epic showdown will take place in the evening and a winner will be crowned. Your ticket will allow you to try as many burgers as you want and comes with free drinks and fries. Live music will round out the evening.
  • 5th Annual Italian Festival – March 24th & 25th – Sample authentic pasta and Italian wine at the Civic Center Mall as you enjoy live music and performances by Italian artists. Shop for Italian goods as well in the marketplace.

 

As always, this is just a small list of things going on during the last half of March. Please feel free to add any others in the comment section.

 

Disclaimer: Information deemed reliable, but not guaranteed. Events subject to change.

 

Photo by chcameron

Scottsdale AZ Single Family Home Sales – February 2018

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– February 2018 Scottsdale Homes for Sale and Home Sales –

Here is a recap of the Scottsdale real estate market for the month of February.

SCOTTSDALE HOME SALES ACTIVITY – FEBRUARY 2018

The chart below shows the past year of real estate activity in Scottsdale. For this report, we track four different items on a monthly basis:

– Single-family homes for sale – The homes for sale are shown on the red line.*
– Under contract, but accepting backup offers (UCB) – UCBs are shown on the green line.*
– Pending home sales – Pending sales are shown on the purple line.*
– Home Sales – Sales are shown on the blue line.

FEBRUARY 2018 RESULTS

  • Scottsdale Homes for Sale: Inventory really did not change between January and February. It stayed just over 2,000 homes for sale.
  • UCB (Under contract, accepting backup offers): UCB listings saw another nice increase. They were up over 10% compared to the end of January.
  • Pending Homes Sales in Scottsdale: Pending sales saw an over 20% increase over January. The 353 pendings put this month on track with the activity seen this time last year.
  • Scottsdale Home Sales: Homes sales saw a nice uptick. February closed out with 416 home sales.

This next section contains two more metrics associated with the Scottsdale real estate market.

The first section looks at how each of the categories we are tracking performed compared to the previous month. So if you look at pending sales, you can see the figure was up 20.5% at the end of February compared with the end of January.

The second section is a metric we use called “Sales Price to List Price.” It is a quick and easy way to see what homes sold for in comparison to what they were listed for. In February, this figure was 96.6%, meaning homes on average sold at a 3.4% discount off of asking price.

February continued a nice uptick in sales activity as we move into the peak of the high season. The increased UCB and pending sales bode well for strong March numbers.

*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.

Search Scottsdale AZ Homes for Sale

Here is a sampling of some of the homes on the market, or click the link above to see all of the homes for sale.

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 3/1/2018. Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2018 Heather Tawes Nelson | Joyce Tawes

Things to Do in Scottsdale – Early March 2018

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– Scottsdale Events Early March 2018 –

The high season is in full-swing and with that comes lots of fun events and festivals around town. Here is a collection of some of the things going on in March.

  • Rock the District – March 3rd – This event is in its 9th year and benefits the Cave Creek Unified School District. The concert features local students and has earned over $200,00 for Cave Creek schools.
  • 54th Annual Scottish Games – March 3rd & 4th – It is a weekend full of all things Scottish. Enjoy athletic demonstrations, live music, dancing, genealogy tracing and so much more.
  • Heard Museum Indian Fair and Market – March 3rd & 4th – This popular annual event is back at the Heard. Experience wonderful Indian art and watch the multiple demonstrations on how these creations are produced. There will also be cultural performances and crafts for children.
  • Spring Training – Now through the end of March – Spring Training has kicked off and will provide a lot of excitement over the next several weeks. See your favorite MLB teams in action all over the Valley.
  • Cavalia– Now through March 26th – The fantastic show that is Cavalia is back for another season. This thrilling event featuring horses and talented performers is a must-see.
  • Arizona Renaissance Festival – Weekends through April 1st – Travel back in time at the Renaissance Festival. Feast on turkey legs and cheer on the joust. There are performances throughout the day and feel free to come in costume!
  • Parada del Sol Rodeo and Parade – March 8th – 11th –  This highly anticipated event is back for 2018. There are multiple days of events and the famous parade will take place on the 10th.
  • Ostrich Festival – March 9th – 11th – This is the 30th year for Chandler’s Ostrich Festival. The highlight is the namesake ostrich races, but there will be even more races this year, including emus, camels, small dogs and more. There will be lots of rides and attractions such as a science show, a STEM lab, pirates, clowns and so much more. There are also bonus kickoff events on March 3rd.
  • Scottsdale Arts Festival – March 9th – 11th – Come see the creative creations of talented artists in Old Town Scottsdale. Located outside the Scottsdale Center for the Performing Arts, this fun festival also features food and drink options and lots of live music of all genres.
  • St. Patrick’s Day Parade and Faire – March 17th – Downtown Phoenix will host the annual St. Patrick’s Day parade that will kick off at 10AM. Following the parade, head over to the Faire to experience live Irish music, bagpipers, Irish dancing and food and beverage.

This is only a small portion of the events going on in and around Scottsdale in early March. Feel free to add others in the comments section.

 

Photo by jaycross

Photo by cocoparisenne

Scottsdale AZ Luxury Home Market – January 2018

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– Scottsdale AZ Luxury Home Market Performance for January 2018 –

Here is the first Scottsdale luxury home report of 2018.

For this report, I am looking at homes sales activity in Scottsdale where the homes are listed for $1 million or more. The past year of data is included and it has been separated into four price points to show additional detail.

Here are the things we are tracking each month:
Active –  How many homes were for sale at the end of the month.
UCB (Under Contract Accepting Backup Offers) – How many homes were under contract, but still accepting backup offers at the end of the month.
Pending – The number of pending sales at the end of the month.
Sold – How many homes sold during the month.


– JANUARY 2018 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: Inventory started to move back up as the year began.
– UCB Scottsdale Home Sales: UCBs were the highest we have seen in the past year. We closed out January with 40 UCB’s, well above the 12 month average of 27.
– Pending Scottsdale Home Sales: Pending sales were up slightly to 18. This is a little slower than we typically see in the new year.
– Scottsdale Homes Sold: Thirty-five homes sold in January. This is slightly ahead of the 12 month average of 34.
– Sales Price to Listed Price: 93.9% – On average, buyers saw a discount off of list price of 7.1%

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

– Active Scottsdale Homes on the Market: Inventory was up almost 15% between December and January as homes came back onto the market.
– UCB Scottsdale Home Sales: UCB sales were down by one to eleven. This is on par with the 12 month average.
– Pending Scottsdale Home Sales: Pending sales saw a nice rebound to 14 at the end of January. This is also above the 12 month average.
– Scottsdale Homes Sold: Eighteen homes sold in January, making it one of the best sales months in the past year.
– Sales Price to Listed Price: 94.9% – On average, buyers saw a discount off of list price of 5.1%.

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

– Active Scottsdale Homes on the Market: Inventory for this price point was also up at the end of January.
– UCB Scottsdale Home Sales: UCB sales almost doubled between December and January. This is the highest we have seen this figure in the past year.
– Pending Scottsdale Home Sales: Pending sales also almost doubled as well. There were thirteen pendings at the end of the month, the highest we have seen in the past 12 months.
– Scottsdale Homes Sold:  Only four homes sold in January, coming off of the holiday season.
– Sales Price to Listed Price: 94.2% – On average, buyers saw a discount off of list price of 5.8%.

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory was up over 12% between December and January.
– UCB Scottsdale Home Sales: UCBs were level at three.
– Pending Scottsdale Home Sales: Pending sales fell to three after a very strong December. This is below the 12 month average of five.
– Scottsdale Homes Sold:  There were seven sales in January, which was a very strong performance.
– Sales Price to Listed Price: 90.7% – On average, buyers saw a discount off of list price of 9.3%.

January turned out to be an excellent month. While some sales were lower, coming off of the slow holiday season, pendings and UCB sales came back with some large gains. This indicates February should be a good sales month.

If you would like additional detail on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.

Search Scottsdale Luxury Homes for Sale

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2018 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties expressed or implied.
Copyright ©2018 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – January 2018

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– Luxury Condo Sales in Scottsdale and Phoenix – January 2018 –

Here is how the Scottsdale and Phoenix luxury condo market fared during the first month of 2018. For the purposes of this report, we will be examining the sales activity of million dollar plus condo sales and condos for sale.

ACTIVE LISTINGS AT THE END OF JANUARY

Inventory dropped by 6 condos to 54 at the end of January. Thirty-four of the units were located in Scottsdale and the remaining twenty were in Phoenix.

The highest priced condo on the market was listed for $3,200,000. This was for a 4,059 square foot penthouse with three bedrooms and three and one-half bathrooms at the Plaza Lofts at Kierland.

The least expensive unit for sale was on the market for $1 million and is a carryover from last month. This penthouse at the Regency House Condos had three bedrooms, two bathrooms and 2,650 square feet.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

January ended with three units in UCB status. All three were located in Scottsdale and two of them are carryovers from 2017.

  • Main Street Place is currently under development, so continues to be carried over. It was on the market for $1,975,000 and 3,563 square feet, three bedrooms and three and one-half bathrooms.
  • Optima Camelview is the other carryover. This unit had three bedrooms, three and one-half bathrooms and 2,299 square feet. It had been on the market for $1,549,000.
  • The final UCB was located in Envy Residences. On the market for $1,975,000, this condo had two bedrooms, two and one-half bathrooms and 2,345 square feet.

*UCB status means a condo has an accepted contract, but that the seller has requested that they accept backup offers. Most times you will see this status when the contract is in the inspection/due diligence period.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of January, there were nine luxury condos in pending status. Scottsdale had most of them with eight pendings and the majority of them have been in this status for a while because they are located in communities that are under construction.

Pending Condos in Scottsdale

  • Three of the eight pending sales were in Main Street Place and have been in this status for many months. Square footage for these units came in between 2,345 and 2,520. Prices ranged from $1,165,000 (3rd floor), to $1,300,000 (2nd floor) and to $1,975,000 (4th floor).
  • Optima Kierland, a new luxury development still being built out, also had two carryover pendings. The first unit had two bedrooms, two and one-half bathrooms and 2,283 square feet. It was listed for $1,653,000. The second unit was a three bedroom, three bathroom, 1,706 square foot home. It was on the market for $1,075,000.
  • Optima Camelview had a carryover pending from December. This unit had three bedrooms, two bathrooms and 2,258 square feet. It had been listed for $1,290,000.
  • A new pending in the Enclave at the Borgata appeared in January. This unit had three bedrooms, three and one-half bathrooms and 3,016 square feet. Its list price was $1,450,000.
  • The final pending sale for January was in the Scottsdale Waterfront Residences. This condo had 1,780 square feet, two bedrooms and two bathrooms. It was for sale for $1,100,000.

Pending Condo in Phoenix

  • A new pending sale appeared in Phoenix. This condo at Portland on the Park had two bedrooms, three bathrooms and 2,105 square feet. It was listed for $1,250,000.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were four luxury condo sales in January, equally split between Scottsdale and Phoenix.

Scottsdale Luxury Condo Sales

  • What had been the most expensive listing for many months sold in January. This Scottsdale Waterfront Residences penthouse had 3,363 square feet and came with three bedrooms and three and one-half bathrooms. It had been on the market for $3,595,000 and sold for $3,450,000.
  • Scottsdale Waterfront Residences had the other sale as well. The three bedroom, three and one-half bathroom unit with 2,503 square feet had been on the market for $1,499,000 and sold for $1,425,000.

Phoenix Luxury Condo Sales

  • Portland on the Park had a sale in January. This condo had three bedroom, three bathrooms and 1,904 square feet. It was on the market for $1,109,500 and ultimately sold for $1,089,000.
  • Esplanade Place was home to the second sale in January. This unit had two bedrooms, three bathrooms and 3,000 square feet. It had been for sale at $1,350,000 and closed for $1,300,000.

 

Learn More About Phoenix and Scottsdale Luxury Condos

Search Phoenix and Scottsdale Luxury Condos for Sale

Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 2/1/2018 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. Information deemed reliable, but not guaranteed.  There may be new condo inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2018 Heather Tawes Nelson | Joyce Tawes

Home Design Trends to Watch in 2018

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– 2018 Home Design Trends – 

We frequently get questions from clients who are taking on decorating and remodeling projects and want to ensure their dollars are invested wisely.

Which looks will last for years to come, and which ones will feel dated quickly? What colors and styles are most popular among buyers in our area? How can I add the most value to my home?

So we’ve rounded up some of the hottest trends in home design to help guide you through the process. Whether you’ve planned a simple refresh or a full-scale renovation, making smart and informed design choices will help you maximize your return on investment … and minimize the chance of “remodeler’s remorse” down the road.

 

WHAT’S HOT NOW

 While 2017 was all about millennial pink, brass fixtures and bright white kitchens, this year we expect to see a move toward warmer, cozier elements throughout the home.

  1. Warm Colors

A cool color scheme has dominated home design in recent years, but this year warm neutrals like brown and tan are back, along with rich jewel tones. This color combination is already quite popular in the Scottsdale area as it blends well with the desert landscape and home design.

While the pastel craze of last year is still hanging on, expect to see alternative color palettes featuring deep, saturated shades of red, yellow, green and navy. Grey will remain popular, but in warmer tones, often referred to as “greige.”

 

  1. Cozy Elements

Along with warmer colors, we can expect to see a shift from stark, modern design to cozier looks. Velvet upholstery, woven textures and natural elements, like wood and stone, will heat things up this year.

 

  1. Mixed Metals

It used to be considered gauche to mix finishes, however, the look of mixed metals will be very big in 2018. Brass will continue to trend, along with matte black and classics like polished chrome and brushed nickel.

 

  1. Bold Patterns

Expect to see a lot of bright, bold patterns in the form of geometric shapes and graphic floral prints. These will be featured on everything from furniture to throw pillows to tile.

 

  1. Natural Elements

Look for the use of natural elements throughout the home, including wood, stone, plants, flowers and grass. Botanical patterns will also be seen in prints, wallpaper and upholstery. Concrete accents will complement these additions in an effort to bring the essence of the outdoors inside the home.

 

  1. Feature Walls

Also called an accent wall, a feature wall is one that exhibits a different color or design than the other walls in the room. Expect to see an increased use of feature walls showcasing rich paint colors, bold patterned wallpaper, and textures brought in through millwork and shiplap.

 

  1. Statement Lighting

Lighting will take center stage with distinctive fixtures, including local artisan and vintage pendants and chandeliers. And smart lighting technology will enable homeowners to customize their lighting experience based on time of day, activity and mood.

 

  1. Hardwood Floors

Hardwood floors will continue to dominate the overall market. The trend is toward either very dark stains paired with light-colored walls or light stains with darker walls. Greyish tones will remain popular, as will matte finishes, which are easier to maintain than high gloss. Expect to see frequent use of wider and longer wood planks, as well as distressed and wire-brushed finishes, which add texture and dimension.

In Scottsdale, we tend to see a lot of tile used in flooring and some homeowners are selecting tile that resembles wood floors, allowing for easier care.

 

  1. Smart Homes

Everything is getting “smarter” in homes, from locks and lights to thermostats and appliances. And with devices like Google Home and Amazon Alexa, you can control many of these with voice activation from a central hub. We will see continued integration of and advancements in smart-home technology in 2018.

 

 

KITCHEN TRENDS

 While white kitchens will remain popular in 2018, expect to see more color this year in everything from cabinets to tile to appliances.

  1. Two-toned Cabinets

Two-toned cabinets are quickly overtaking the white-on-white look that has dominated kitchen design for the past few years. While white remains a classic, grey and bleached-wood cabinet variations are surging in popularity, along with darker neutrals like navy and green.

  

  1. Quartz Countertops

Granite reigned as the top countertop choice for many years, but quartz is now king. It’s highly durable, low-maintenance and comes in a wide variety of styles and colors. It’s also heat resistant, scratch resistant and non-porous (unlike granite and marble) so it doesn’t need to be sealed.

 

  1. Bold Backsplashes

After years of dominating backsplash design, the white subway tile is officially on its way out. Expect to see it replaced with more elaborate shapes, patterns, colors and textures. Tile that mimics the appearance of wood, concrete and wallpaper is also gaining in popularity.

 

  1. Statement Sinks

While stainless steel and white porcelain are always safe bets, the trend is moving toward sinks that make more of a statement. Look for unexpected pops of color and materials like natural stone and copper. Touch-free faucets are expected to gain favor with homeowners this year, too.

 

  1. Brass is (Still) Back

Brass fixtures came back in a big way over the past couple of years and will continue to be a popular choice in 2018 along with matte black, black nickel, polished chrome and brushed nickel. Missing from the list? Rose gold, which is decidedly “out” this year.

 

  1. Multi-purpose Islands

Kitchen islands have evolved from simple prep-stations into the “workhorse” of the kitchen. Many feature sinks, built-in appliances and under-counter storage while also serving as a casual dining area. They have become the focal point of the kitchen, and we expect to see more of them in 2018 and beyond.

 

  1. Black Stainless Steel

Black stainless steel is the hot new finish option for appliances, and it’s hitting the market in a big way. It offers a cutting-edge look and is easier to keep clean than traditional stainless steel. However, it’s harder to match finishes amongst different brands, so it’s probably only feasible as part of a complete appliance package.

 

  1. Appliance Garages

Appliance garages are counter-level compartments designed to house small appliances like blenders, toasters and stand mixers. They make it convenient to have these items readily accessible, without the look of a cluttered counter.

 

BATH TRENDS

 

 Expect to see many of the same kitchen design preferences carry over into bathrooms this year, including two-tone cabinets, quartz countertops and brass fixtures.

 

 

  1. Neutral Tones

Neutral shades will continue to dominate in the master bathroom as homeowners seek a soothing and relaxing retreat atmosphere. But expect to see more options than just white. Shades of brown, grey, blue, green and tan will help to warm things up.

 

  1. Natural Elements

Natural materials are particularly hot right now in bathroom design. This includes the use of wood and stone on walls, cabinets, counters and backsplashes, as well as the incorporation of botanical design elements.

 

  1. Large Tiles

We expect to see a lot more large and slab-sized tiles in bathrooms, which have less grout so they are easier to clean and maintain. Wood-look porcelain tiles are also a favorite in wet areas, as they offer the warmth and rustic appeal of wood with the durability of tile.

 

  1. Stone Sinks

Sinks will continue to be an area where homeowners like to exhibit creativity, and hand-carved stone sinks are especially fashionable right now. These may be more suited to powder rooms, where functionality isn’t as crucial.

 

  1. Freestanding Tubs

 There’s been a tub resurgence in bathroom design after years of preference for stand-alone showers. Modern tastes are gravitating toward freestanding tubs that serve as a showpiece for the bathroom.

 

  1. Smart Features

Smart technology has entered the bathroom with the addition of features like wireless shower speakers and high-tech toilets, as well as digital shower controls that automatically adjust to your preferences in temperature and spray intensity.

 

OUR ADVICE

Style trends come and go, so don’t invest in the latest look unless you love it. That said, highly-personalized or outdated style choices can limit the appeal of your property for resale.

For major renovation projects, it’s always a good idea to stick to neutral colors and classic styles. It will give your remodel longevity and appeal to the greatest number of buyers when it comes time to sell. It will also give you the flexibility to update your look in a few years without a total overhaul. Use non-permanent fixtures – like paint, furniture and accent pieces – to personalize the space and incorporate trendier choices.

If you’d like advice on a specific remodeling or design project, give us a call! We’re happy to offer our insights and suggestions on how to maximize your return on investment and recommend local shops and service providers who may be able to assist you.

 

Sources:

  1. Country Living –
    https://www.countryliving.com/home-design/decorating-ideas/g3988/kitchen-trends
  2. Elle Decor –
    https://www.elledecor.com/design-decorate/trends/g14486069/kitchen-trends-2018/
  3. Gates Interior Design –
    https://gatesinteriordesign.com/hottest-interior-design-trends-for-2018/
    https://gatesinteriordesign.com/biggest-kitchen-bath-trends-for-2018/
  4. com –
    https://www.hgtv.com/design/rooms/kitchens/17-top-kitchen-design-trends-pictures
  5. House Beautiful –
    https://www.housebeautiful.com/room-decorating/kitchens/g2664/kitchen-trends/
    https://www.housebeautiful.com/design-inspiration/g13938283/2018-decor-trends/
    https://www.housebeautiful.com/design-inspiration/g13820501/best-and-worst-decor-trends-from-2017/
  6. Houzz –
    https://www.houzz.com/ideabooks/93399913/list/interior-design-trends-expected-to-take-hold-in-2018
  7. Huffington Post – https://www.huffingtonpost.com.au/2017/09/25/the-kitchen-and-dining-trends-to-look-out-for-in-2018_a_23222693/
  8. Kitchen and Bath Design News –
    https://www.kitchenbathdesign.com/123995/year-end-look-and-new-trends-for-2018/
  9. com –
    https://www.msn.com/en-us/lifestyle/home-and-garden/12-flooring-trends-for-2018/ss-AAtp7QA
  10. com –
    https://www.realtor.com/advice/home-improvement/interior-design-trends-to-ditch-2018/
    https://www.realtor.com/advice/home-improvement/hottest-interior-design-decor-trends-2018/?is_wp_site=1
  11. Realty Times – https://realtytimes.com/advicefromagents/item/1007993-kitchen-design-trends-in-2018?rtmpage=MattLawler
  12. Sebring Design Build –
    https://sebringdesignbuild.com/top-trends-in-bathroom-design/
  13. The Flooring Girl –
    https://theflooringgirl.com/hardwood-flooring/hardwood-flooring-trends-2018/
  14. Vogue –
    https://www.vogue.com/article/interior-design-trends-according-to-expert-designers-decorators

 

Quick Video Update of the Scottsdale Real Estate Market – January 2018

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– January 2018 Scottsdale Housing Market Video –

January 2018 – Video

Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of January.

Scottsdale Active Listings

Here we start off with a look at the housing inventory in Scottsdale. In this first image, we are looking at a year-over-year perspective. So, the number of homes for sale in Scottsdale this January versus last January was down 13%.

 

 

 

 

This is the same information, but using a month-over-month comparison.

The number of homes on the market in January was up 4% over December 2017.

 

 

 

Median List Price for Scottsdale Homes

If you are not familiar with median list price, it simply means it is the mid-point, where half of the homes are priced higher and half of the homes are priced lower.

In January, the median list price was $925,000. This is up quite a bit from January 2017’s $849,000 median list price.

 

 

 

Days on Market

Days on Market is a quick and easy way to gauge how well a market is performing. A high Days on Market (DOM) means things are moving more slowly, whereas a low DOM indicates a hotter market.

The DOM for January 2018 was 118. This is up 11% over January 2017’s 106 days.

 

 

 

Median Sales Price for Scottsdale Homes

Now we will look at the median sales price, versus list price.

January’s median home sales price was $551,300. This is up over $50,000 when looking at January 2017’s $500,000. However, it was down slightly from December 2017’s $555,000.

 

 

Number of Homes Sold

This final section covers home sales in Scottsdale.

There was a 9% increase in home sales when comparing January 2018 to January 2017.

 

 

 

However, if you look at December 2017 compared to January 2018, sales were down 4%. This makes sense as many buyers want to close before the end of the year for tax purposes. Sales should be headed up for the next several months.

 

 

 

 

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel

 

Disclaimer: Data deemed to be accurate, but is not guaranteed.

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